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BlackRock has named Russ Koesterich as Chief Investment Strategist, responsible for communicating the firm’s investment strategy and perspective on the markets and economy to investors and financial advisors.

Most Medicare enrollees will pay 5% more for Part B in 2013. Considering that the Social Security cost-of-living adjustment for next year will be 1.7%, advisors can see that seniors’ medical costs are rising faster than the overall inflation.

J.W. Cole Financial, a Tampa, Fla., based independent broker-dealer, announced Monday that it plans to acquire Financial Advisers of America.

Charles Schwab has announced yet another new solution for companies to improve their business operations.

Guardian Insurance & Annuity Company, Inc. has expanded its capabilities as a retirement services provider.

Bank of America Corp. Chief Executive Officer Brian T. Moynihan said his company’s business model that serves people and corporations is a proven winner based on the firm’s market share.

The financial planning world has a serious problem. There are not enough financial advisors being trained and coming through normal channels to replace all those advisors who want to retire and sell their practices. If you are a buyer, well things are about to get really good. There will be a lot, again, a lot of practices up for sale.

It is absolutely impossible for a client with a fundamental fear of the future to become a successful investor, or even to formulate a rational long-term financial plan.

“I’m more optimistic by everything I’ve read,” Moynihan said today in London during a Bloomberg Television interview. Lawmakers are taking the matter “very seriously,” he said.

Wells Fargo has extended its summer hiring spree with 24 new financial advisor hires managing a total of $2.2 billion in assets.

Nationwide Funds Group has merged the UBS High Yield Fund and UBS Global Equity Fund into the Nationwide High Yield Bond Fund and the Nationwide Global Equity Fund, giving Nationwide some $183 million in new assets.

PIMCO is looking to launch the an emerging markets bond fund sometime in the first quarter of 2013.

Want to have deeper conversations with your clients? Start talking about philanthropy, says one expert.

The post-election rout in U.S. stocks has driven the Standard & Poor’s 500 Index down so far that it would have to advance 26 percent to reach the valuation of bull markets since John F. Kennedy was in the White House.

“After years of recommending tax deferral, I’m suggesting accelerating tax payments,” Dean Mioli, director of investment planning for the SEI Advisor Network, told Financial Planning. “I’m not advocating this for every taxpayer, but it can make sense in some cases.”

Alliant launched the investment program in 2009 and said it wanted to take the business to the next level.

With over 25,000 open-ended mutual funds available for sale in the United States, it is more difficult than ever to stand out from the crowd.

Many tax practitioners focus on improving their efficiency during tax season, but there are plenty of things they can do in advance to ensure success from January to April, according to 2020 Group chairman and CEO Chris Frederiksen.

Treasuries fell, following a four- week gain, after President Barack Obama said he was confident the U.S. will avoid the automatic spending cuts and tax increases scheduled to occur at year-end.

Almost immediately after the election, the national conversation turned to what is widely seen as an impending financial crisis known as the fiscal cliff. A dramatic term, for sure, but what does it mean for the economy, investment advisors and their clients?